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Cyprus Syrian president Bashar al-Assad became the first Syrian head of state to visit Cyprus in November 2010, resulting in the signing of five agreements between the two countries and pledges to work closer together on issues of common interest. The two leaders agreed to enhance cooperation in the sectors of tourism, construction, energy, transport, education, services, and telecommunications, as well as other fields in the public and private sector. The most important agreement signed was on coordinating search and rescue services. In addition, Cyprus and Syria signed agreements on cooperation in Telecommunications and Information Technology Services, Air Services, cultural cooperation for 2009–2011, Social Security and Agriculture. The 7th Protocol for the implementation of the agreement on Tourism Cooperation for the years 2009–2011 was also signed. The two countries also reached an agreement on technical cooperation between the Central Banks of the two countries. After the talks, Christofias awarded al-Assad the Grand Collar of the Order of Makarios III, while the Syrian leader presented Christofias with the National Order of Ummayya with the Grand Sash.
A 2011 report released by the Asian Development Bank predicted that large Asian economies such as China and India would play a more important role in global economic governance in the future. The report stated that the rise of emerging market economies heralded a new world order, in which the G-20 would become the global economic steering committee.
The report furthermore noted that Asian countries had led the global recovery following the late-2000s recession. It predicted that the region would have a greater presence on the global stage, shaping the G-20 agenda for balanced and sustainable growth through strengthening intraregional trade and stimulating domestic demand.
Soon after assuming power in 2000, Bashar al-Asad introduced wide-ranging economic reforms
Such changes built on the more limited market-friendly reforms gradually implemented by Bashar’s father, Hafiz al-Asad. Economic liberalization during Bashar’s regime also differed from his father’s in that it was advised by International Financial Institutions (IFIs), i.e., the IMF and the World Bank, which allegedly claimed that these reforms would promote macroeconomic stabilization. The parallel conviction that evolved among Syrian policymakers was that neoliberal policies and expanded private sector activities would inevitably “trickle down” and improve the social conditions of the majority of Syrians in terms of job creation and expanded social services. Nevertheless, a succinct review of the socioeconomic conditions of the past ten years reveals that developmental and welfare gains have not materialized. The move toward the market economy neglected equitable income distribution and social protection, thereby culminating in anti-developmental economic growth.
Also, foreign individuals and companies are allowed to rent offices and residences for a maximum period of 15 years, which is not renewable.
Today, Syria is considered a lower middle-income country with a per capita income of almost $1,200, despite low inflation, moderately low debt, and numerous foreign asset reserves. This is most likely because, in recent years, growth performance has deteriorated as oil production has begun to wane. Syria’s economic well-being is highly dependent on the oil and agriculture sectors, as the oil sector is equivalent to half of the government’s revenue (and two-thirds of the exports) and agriculture sector is roughly 30% of the country’s GDP and employment. Therefore, the diminishing strength of these sectors is having a negative impact on the country’s economic situation. Future prospects are also bleak in that the country’s oil reserves are projected to be depleted in the next 10 to 15 years, making the country a net importer by 2010.
As one of the major projects of Shanghai, Xijiao International Agricultural Product Trade Center (Xijiao International for short) is a modern comprehensive central wholesale market in the Yangtze River Delta. Based in Shanghai, serving the entire country and connecting home and abroad, it serves as the main channel for import and export of agricultural products. Xijiao International leads breakthrough in trading mode and works toward a unique trading market with standardized operation, products security system and updated equipment.....
Originally posted by Rocketman7
reply to post by Rocketman7
Here you go, this is pretty much what we want to build in Syria and Afghanistan.
Only in Afghanistan the trade center will be geared towards medicinal ingredients.